In this day and age, everyone is all about creating new businesses. They can be fun, exciting and rewarding. However, they also bring forth a great amount of risk. Many new businesses fail. For those that have a vision of something they want to pursue, they should consider creating a charity instead of a business. This day and age is perfect for starting non-profit enterprises.
Just like a business, there are many steps to creating a charity. Some of these easy steps are explained below.
Think About your Vision and Mission for the Charity
No matter if you are starting a business or a charity, you need a clear vision of what you want it to accomplish. You should write your vision down and it needs to be described in much detail. Your mission for your charity should also be described in detail. It needs to explain the intent and purpose for the charity itself. The description should include what it does, who is services and what those basic services are. Along with your vision and mission should be clear and concise goals that you wish to obtain.
The Charity’s Name
The name of your charity is a big decision to make. While charities are organizations, they also require philanthropy to stay afloat. As with many charities, the name can signify what the charity is about. It can also be named in honor of someone or in memory of someone. These types of charity names can help to encourage more donations.
Make your Charity Stand Out
There are thousands of good charities around. Making yours stand out among the rest is a feat. With more than a million charities in the United States, many are fighting for funding in support of the same cause. Take time to differentiate your organization from the others in order to stir up some passion from your potential donors.
Create a Plan
After you have defined your vision and mission for your charity, you need to create a plan to implement. Your plan should be at least a five year plan. Think about what you want accomplished by the end of those five years and come up with ideas on how to get them done. Include in this plan strategies and tactics for funding, operation, budget and so on. They need to be written in detail so they are easier to implement.
Register your Charity
To be official and legal, you need to register your charity. You need to register your charity as a 501(c)(3). This will enable your charity to run as a tax-exempt and non-profit organization. To be safe, it is always recommended to have a lawyer and accountant who is experienced in working with charity organizations help you to register. You want to make sure that you don’t break any government rules while running your charity.
A good way to get the word out about your new charity is to create an online presence. You should first get a website created. It should contain your vision, mission and have a way for people to donate. Also, be sure to have contact information listed on your website so that potential donors can get in contact with you.
Social media sites are also great ways to get awareness out about your charity and cause. Much of your fundraising ventures can be done through social media, so it is important to constantly be updating your profiles with things that grab people’s interest. Information about fun events and success stories from those that have been helped by your charity are great for getting attention.
A great way to make money for your charity is through events. Events such as dances, dinners and even charity lotteries are great ways to earn money for your organization. A charity lottery is a popular way to earn money for your organization, especially if there is a great prize included for the winner. If you are wanting to bring in big donations, a great charity lottery could include the ability for donors to win a house. This can raise a lot of attention and excitement at the same time.